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Northwest Natural Holding Company (NYSE: NWN), headquartered in Portland, Oregon, serves as the largest independent natural gas utility in the Pacific Northwest. With a robust network, the company provides reliable natural gas service to approximately 700,000 residential, commercial, and industrial customers in Oregon and southwest Washington. Founded on a commitment to delivering safe and efficient energy, NW Natural focuses on the distribution and purchase of natural gas through its primary subsidiary, NW Natural.
NW Natural's operations are strategically centered around its natural gas distribution segment. This segment is essential in ensuring the seamless purchase and distribution of natural gas, primarily catering to the substantial demand in Oregon and southwest Washington. The company's diverse customer base predominantly includes residential and commercial sectors, which significantly contribute to its revenue and profitability.
Recent achievements highlight NW Natural's dedication to innovation and sustainability. The company has embarked on several projects aimed at enhancing energy efficiency and reducing carbon emissions. Their commitment to environmental stewardship is evident through investments in renewable natural gas and cutting-edge technologies designed to optimize operational performance.
Financially, NW Natural maintains a solid standing with consistent revenue generation primarily driven by its residential and commercial customers. The company's strategic partnerships and customer-centric approach further bolster its market position, ensuring stable growth and long-term value creation for shareholders.
NW Natural continues to prioritize safety, reliability, and customer satisfaction. The company's forward-looking projects and initiatives are designed to meet the evolving energy needs of its customers while adhering to stringent regulatory standards. Stay updated on the latest developments, financial performance, and strategic initiatives of NW Natural by visiting www.nwnatural.com.
GridStor, a developer and operator of grid-scale battery energy storage systems, has appointed Frank Burkhartsmeyer as its new Chief Financial Officer, effective August 28. Burkhartsmeyer brings over 25 years of financial and operational experience in the utility and renewable energy sectors, most recently serving as Executive Vice President of Strategy and Business Development and CFO at NW Natural (NYSE: NWN).
In his new role, Burkhartsmeyer will oversee GridStor's finance organization as the company plans to build emission-free batteries for regional energy grids. GridStor, backed by Goldman Sachs Asset Management, aims to accelerate growth and become the leading battery storage developer and operations platform in North America. The company focuses on developing, acquiring, and operating utility-scale, standalone battery storage projects across the continent.
Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share on its common stock. The dividend will be paid on August 15, 2023 to shareholders of record on July 31, 2023. The company's indicated annual dividend rate is $1.94 per share.
NW Natural Holdings owns several businesses, including Northwest Natural Gas Company, NW Natural Water Company, and NW Natural Renewables Holdings. The company has been recognized by Ethisphere® as one of the World's Most Ethical Companies® in 2022 and 2023. NW Natural provides natural gas service to approximately 2.5 million people through nearly 795,000 meters in Oregon and Southwest Washington. NW Natural Water serves an estimated 156,000 people through about 63,000 connections in the Pacific Northwest, Texas, and Arizona.
Northwest Natural Holding Company (NYSE: NWN) will release its first quarter 2023 earnings on May 4, 2023, at 8 a.m. PT (11 a.m. ET). An analyst conference call will follow to discuss the results. Investors can join through the corporate website or by phone, with specific numbers provided for the U.S., Canada, and international callers. NWN serves approximately 2.5 million people in Oregon and Southwest Washington through 795,000 natural gas meters and also provides water services to 155,000 people across the Pacific Northwest, Texas, and Arizona. The company has been recognized as one of the World’s Most Ethical Companies by Ethisphere® in 2022 and 2023, highlighting its commitment to safety and environmental stewardship.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share, payable on May 15, 2023, to shareholders of record as of April 28, 2023. This results in an indicated annual dividend rate of $1.94 per share. NW Natural, based in Portland, Oregon, has been operating for over 160 years, providing natural gas service to approximately 2.5 million people across 140 communities through nearly 795,000 meters in Oregon and Southwest Washington. Additionally, the company provides water distribution and wastewater services, serving around 155,000 people. NW Natural is committed to safety and environmental stewardship, having been recognized as one of the World’s Most Ethical Companies® in 2022 and 2023.
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